The US dollar turned to the upside on Monday. Let's discuss what to expect next from the market.
US CPI m/m
|CPI is an indicator of consumer inflation. If it exceeds the forecast, the USD will rise. The Federal Reserve is anticipated to raise the interest rate at least 3 times this year. The higher the CPI is, the greater the chance of 4 rate hikes will be. Check the economic calendar at 15:30 MT time on April 11 to find out if the CPI encourages Fed’s rate hikes and the stronger US dollar.|
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
The focus of traders’ attention shifted from Brexit and the US stimulus to the coronavirus . The WHO claimed that Europe become the new Covid-19 epicenter.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 14:45 MT time.